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HomeMy WebLinkAboutLAH_Addendum_MadisonAI_LicensingAgreement_071525Madison AI – Addendum to Existing Licensing Agreement 527 Lander Street – Reno, NV 89509 I hello@madisonai.com I Page 1 of 1 Addendum #1 - Effective Aug 1, 2025 This document is in reference to the contract agreement dated October 21, 2024, between the following parties: Licensee: City of Los Altos Hills 26379 Fremont Road, Los Altos Hills, CA 94022 Licensor: M3 Planning, Inc. dba Madison AI 527 Lander Street, Reno, NV 89509 May it be known that the undersigned parties do hereby agree to make the following changes and/or additions that are outlined below. These additions shall be made valid as if they are included in the original stated Agreement. Stated Contract for: One (1) Additional LLM 3. FEES AND PAYMENT 3.1. Fee: Licensee agrees to pay Licensor a fee of $25,000 ("License Fee"), which includes data deployment and annual access to Madison AI. All fees will be billed upon contract signing and due net 30. Madison AI Knowledge Assistant License Cost Addi4onal LLM – Planning & Zoning (SubscripZon start date of Aug 1, 2025) Setup: $10,000 (one Zme) Subscrip4on: $15,000 (annual) Total Fees $25,000 IN WITNESS WHEREOF, the parties have executed this Addendum as of the Effective Date. M3 Planning, Inc. dba Madison AI Agency Name: By:___________________________________ By:__________________________________ Print Name: Erica Olsen Print Name:__________________________ Title: CEO/Co-Founder Title:_________________________________ Date:___7/15/25 Date:________________________________ Cody Einfalt Deputy City Manager 7/14/25